Napa Wealth Management Invests $1.10 Million in S&P Global Inc. (NYSE:SPGI)

Napa Wealth Management acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,131 shares of the business services provider's stock, valued at approximately $1,101,000.

Several other institutional investors have also added to or reduced their stakes in the business. Strengthening Families & Communities LLC grew its position in S&P Global by 3.7% in the 3rd quarter. Strengthening Families & Communities LLC now owns 2,637 shares of the business services provider's stock worth $1,363,000 after purchasing an additional 93 shares during the period. Mendel Capital Management LLC grew its holdings in shares of S&P Global by 2.5% in the third quarter. Mendel Capital Management LLC now owns 1,739 shares of the business services provider's stock worth $898,000 after acquiring an additional 42 shares during the period. Taurus Asset Management LLC lifted its holdings in S&P Global by 10.4% in the third quarter. Taurus Asset Management LLC now owns 846 shares of the business services provider's stock valued at $437,000 after acquiring an additional 80 shares during the period. Prudent Man Advisors LLC boosted its stake in shares of S&P Global by 20.4% during the 3rd quarter. Prudent Man Advisors LLC now owns 1,932 shares of the business services provider's stock worth $998,000 after acquiring an additional 327 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in S&P Global by 208.8% during the third quarter. Thrivent Financial for Lutherans now owns 45,371 shares of the business services provider's stock valued at $23,440,000 after purchasing an additional 30,679 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.1 %

SPGI stock traded down $0.29 during midday trading on Monday, reaching $503.00. 1,174,432 shares of the company traded hands, compared to its average volume of 1,209,231. The firm has a market capitalization of $156.08 billion, a price-to-earnings ratio of 44.42, a P/E/G ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 52-week low of $407.53 and a 52-week high of $533.29. The business has a 50 day moving average of $510.47 and a 200-day moving average of $479.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.21 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global's payout ratio is 32.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SPGI shares. Raymond James cut shares of S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. dropped their price objective on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Oppenheimer lifted their target price on S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. BMO Capital Markets dropped their target price on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $571.31.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.